French Property Insider. Bonjour French Property Insider Subscriber,. Today issue of FPI also includes a fun look at why Paris is great for single women and why owning a property here can be a life-changing move…particularly for single women. Budgeting for your property investment in France is the first step toward actually purchasing the property. Without knowing exactly how much you have in cash to invest or how much you can afford to pay toward a monthly mortgage you cannot even begin to look at viable properties.
Furthermore, if you intend to purchase a rental property, the revenues it will generate is equally important as it will fund the mortgage, either more or less depending on a variety of factors. We have found some simple ways of calculating the budget, so that these "short cuts " can apply to almost any property to quickly and easily create a financial picture that is close to reality.
The elements of the calculations are these using estimates in some cases :. Mortgage interest rate: 2. Property taxes of property value :. Multiply that by 12 to get the annual mortgage repayment costs. Multiply the nightly rental rate by nights to get the gross rental revenues. Subtract the annual mortgage payment times 12 months and voila! Now, to look much more closely at the true picture, use our Excel spreadsheet to determine your ROI by changing the variables.
By using this simple tool, you will be able to determine the profitability of just about any property! In some ways we can know approximately where you live, but nothing tells us your ages or very much about you are…really.
In spite of that, because we receive your letters, and because I read every single one of them even file them away for future reference , I have a very good sense of exactly who you are…or at least what you think, if not your ages and other vital statistics. We work very closely with these people to find an apartment or house where they will want to reside or rent and call their own…hence we discover even the smallest personality quirks they may not even know themselves!
